🚨Big news for banks & crypto!🌐 The Basel Committee on Banking Supervision plans to make banks disclose their #cryptocurrency holdings. This comes after a year of turbulence, including the collapse of crypto exchange FTX & digital lenders Signature & Silicon Valley Banks.💥

A consultation paper will propose new disclosure requirements, complementing capital requirements for digital assets finalized in December.📝 The Basel Committee, including supervisors from 28 global jurisdictions, aims to cut contagion & monitor crypto norms.🌍

What do you think of this move? Will it bring more transparency & stability to the market?💡 Let's discuss in the comments!👇 #crypto #banking #regulation